Greek austerity steps appear sufficient to safeguard 2010 budgetary steps, Sarkozy says. Brown echoes Sarko, saying present arrangements should be sufficient…
Repeat after me…never believe anything until it has been officially denied…
The EU commission says Greek GDP will fall 2.25% this year due to austerity.
EUR/USD is jittery around 1.3750 as dollar strength from the data is offset by buying of EUR crosses like EUR/JPY. EUR/JPY has stalled ahead of key 125.23 and USD/JPY is holding below 91.00, where large offers have been seen.
